Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseThe principal activity of the company was that of a holding company and rental income.22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09036783 2022-07-01 2023-06-30 09036783 2021-07-01 2022-06-30 09036783 2023-06-30 09036783 2022-06-30 09036783 c:Director1 2022-07-01 2023-06-30 09036783 d:Buildings 2022-07-01 2023-06-30 09036783 d:Buildings 2023-06-30 09036783 d:Buildings 2022-06-30 09036783 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09036783 d:PlantMachinery 2022-07-01 2023-06-30 09036783 d:PlantMachinery 2023-06-30 09036783 d:PlantMachinery 2022-06-30 09036783 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09036783 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09036783 d:FreeholdInvestmentProperty 2023-06-30 09036783 d:FreeholdInvestmentProperty 2022-06-30 09036783 d:CurrentFinancialInstruments 2023-06-30 09036783 d:CurrentFinancialInstruments 2022-06-30 09036783 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09036783 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09036783 d:ShareCapital 2023-06-30 09036783 d:ShareCapital 2022-06-30 09036783 d:RetainedEarningsAccumulatedLosses 2023-06-30 09036783 d:RetainedEarningsAccumulatedLosses 2022-06-30 09036783 c:OrdinaryShareClass1 2022-07-01 2023-06-30 09036783 c:OrdinaryShareClass1 2023-06-30 09036783 c:FRS102 2022-07-01 2023-06-30 09036783 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09036783 c:FullAccounts 2022-07-01 2023-06-30 09036783 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09036783 d:Subsidiary1 2022-07-01 2023-06-30 09036783 d:Subsidiary1 1 2022-07-01 2023-06-30 09036783 d:Subsidiary2 2022-07-01 2023-06-30 09036783 d:Subsidiary2 1 2022-07-01 2023-06-30 09036783 2 2022-07-01 2023-06-30 09036783 6 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09036783














HIGH HERTS HOLDING LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2023

 
HIGH HERTS HOLDING LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
HIGH HERTS HOLDING LTD
REGISTERED NUMBER:09036783

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,012,881
2,431,894

Investments
 6 
2
2

Investment property
 7 
479,440
479,440

  
3,492,323
2,911,336

Current assets
  

Debtors: amounts falling due within one year
 8 
1,019,138
1,083,427

Cash at bank and in hand
  
472,718
768,679

  
1,491,856
1,852,106

Creditors: amounts falling due within one year
 9 
(3,416,338)
(3,090,359)

Net current liabilities
  
 
 
(1,924,482)
 
 
(1,238,253)

  

Net assets
  
1,567,841
1,673,083


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
1,567,839
1,673,081

  
1,567,841
1,673,083


Page 1

 
HIGH HERTS HOLDING LTD
REGISTERED NUMBER:09036783
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Ershova
Director

Date: 20 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
HIGH HERTS HOLDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

High Herts Holding Ltd is a limited liability company incorporated in England and Wales with its registered office at 6 Lowswood Close, Northwood, Middlesex, HA6 2XE.
The principal activity of the company was that of a holding company and rental income. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rent receiveable during the period, exclusive of Value Added Tax.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Freehold property
-
Over 50 years
Plant and machinery
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
HIGH HERTS HOLDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Taxation

          Factors that may affect future tax charges

The company has tax losses of £90,640 to carry forward to utilise against future trading profits.

Page 4

 
HIGH HERTS HOLDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 July 2022
2,196,993
383,042
2,580,035


Additions
655,525
40,321
695,846



At 30 June 2023

2,852,518
423,363
3,275,881



Depreciation


At 1 July 2022
26,354
121,787
148,141


Charge for the year on owned assets
39,465
75,394
114,859



At 30 June 2023

65,819
197,181
263,000



Net book value



At 30 June 2023
2,786,699
226,182
3,012,881



At 30 June 2022
2,170,639
261,255
2,431,894




The net book value of land and buildings may be further analysed as follows:


2023
2022
£
£

Freehold
2,786,699
2,170,640


Page 5

 
HIGH HERTS HOLDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
2



At 30 June 2023
2





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Equitopia Ltd
England
Ordinary
100%
Equitopia Stud Ltd
England
Ordinary
100%


7.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
479,440



At 30 June 2023
479,440

The 2023 valuations were made by the directors, on an open market value for existing use basis.

The directors are of the opinion that there has been no subsequent change to the value of the properties.




Page 6

 
HIGH HERTS HOLDING LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
939,019
855,003

Other debtors
80,119
215,543

Prepayments and accrued income
-
12,881

1,019,138
1,083,427



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
3,411,898
3,086,159

Accruals and deferred income
4,440
4,200

3,416,338
3,090,359



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2  Ordinary shares of £1 each
2
2



11.


Controlling party

The company was under the control of its directors by virtue of their holding of the entire issued share capital.

 
Page 7